Progress Software (FRA:PGR) 12-1 Month Momentum % : -4.45% (As of May. 11, 2024)

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What is Progress Software 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-11), Progress Software's 12-1 Month Momentum % is -4.45%.

The industry rank for Progress Software's 12-1 Month Momentum % or its related term are showing as below:

FRA:PGR's 12-1 Month Momentum % is ranked worse than
52.6% of 2726 companies
in the Software industry
Industry Median: -5.115 vs FRA:PGR: -4.45

Competitive Comparison of Progress Software's 12-1 Month Momentum %

For the Software - Infrastructure subindustry, Progress Software's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Progress Software's 12-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, Progress Software's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Progress Software's 12-1 Month Momentum % falls into.

Progress Software (FRA:PGR) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Progress Software (FRA:PGR) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Progress Software 12-1 Month Momentum % Related Terms

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Progress Software (FRA:PGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Progress Software Corp (FRA:PGR) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

PRGS:USA

Address

15 Wayside Road, Suite 400, Burlington, MA, USA, 01803

Website

https://www.progress.com

Progress Software Corporation is a provider of cloud-based security solutions to large- and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and also has a presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.